Payee Meaning in Tamil

Payee in Tamil

Definition:

The word “Payee” refers to the person or organization that receives payment or compensation, typically in the form of money, goods, or services. It is the entity that is owed the payment, and is the party being reimbursed or compensated for a specific transaction or activity.

For example:

* In a employment setting, the employee is the payee of their paycheck.
* In a financial transaction, the seller is the payee of the buyer’s payment.
* In a loan or investment, the borrower or recipient is the payee of the lender’s or investor’s payment.

In accounting and bookkeeping, the payee is typically recorded as the recipient of a payment or invoice, and the amount paid is credited to their account.

Translation of ‘Payee ‘ in Tamil:

பணம் பெறுபவர்

Examples:

Here are three unique example sentences using the word “Payee”:
1. The payee instructions on the check specified that the recipient should endorse the check and deposit it directly into their bank account.
2. The accounting firm was responsible for verifying the identity of the payee before making any wire transfers to ensure the funds were being directed to the correct party.

Synonyms:

but in some contexts it can also refer to the person receiving the payment)
5. Receiving party
6. Counterpart (in financial or business contexts)
7. Donee (a formal or legal term)
8. Assignee
9. Holder (used in legal or financial contexts to refer to the person or entity receiving a payment or asset)
10. Accommodation party (used in banking and finance to refer to the party responsible for receiving a payment)

Note that some of these words may have slightly different connotations or nuances depending on the context in which they are used., Here are some synonyms for the word “Payee”:

1. Recipient
2. Beneficiary
3. Addressee
4. Payer (note: this can also mean the person paying

Antonyms:

while a payee is someone who receives money.

Note that while these words have different meanings, as a payer is someone who makes a payment, whereas a payee is someone who receives a payment.
2. Debtor: A debtor is someone who owes money, while a payee is someone who has received money.
3. Creditor: A creditor is someone who is owed money, while a payee is someone who has received money.
4. Recipient: A recipient is someone who receives something, while a payee is someone who receives payment.
5. Beneficiary: A beneficiary is someone who receives a benefit, they are all related to the concept of receiving or distributing money or assets., Here are some antonyms for the word “Payee”:

1. Payer: This is a direct antonym